Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613445
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹19,10,000
EMD:₹1,91,000
Auction Time:11.00 am to 12.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a prime plot of land located in the serene area of Karuvarakundu, Malappuram, Kerala. The asset category is residential, making it an ideal location for building your dream home or for future development. The property is being auctioned by Canara Bank.
State:Kerala
City:Malappuram
Area:Karuvarakundu
Asset Category:Residential
Full Address:Re Sy No. 17/2-19-4, 17/2-17-4, 17/2-16-3, Karuvarakundu Village, Karuvarakundu, Malappuram
Size:106.64 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a plot of land in Karuvarakundu, Malappuram, Kerala. The reserve price is ₹19,10,000 with an Earnest Money Deposit (EMD) of ₹1,91,000. The auction will take place online on November 29, 2025, starting at 11:00 AM and closing at 12:00 PM. This is a valuable opportunity to acquire land in a desirable location.
Borrower Name:M/s Kunnath Cane Furniture
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Muhammed Kamarudheen, Sri. Muhammed Noorudheen
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizable land parcel in a rural Kerala location. Given the agricultural zoning and limited immediate commercial potential, it represents a calculated opportunity for long-term investment. The reserve price appears reasonable, and the rural location may appeal to specific buyers.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
